PRESS: FGC UES works on stock option program

MOSCOW, Feb 13 (PRIME) -- Federal Grid Company of Unified Energy System (FGC UES) is working on a stock option plan for its management, and expects its parent company Rosseti to form a unified approach to stock option programs of subsidiaries in 2019, FGC UES CEO Andrei Murov said in an interview to Kommersant business daily released on Wednesday.

“We actually did some work to create this (stock option) program (of FGC UES), but Rosseti is also now forming its approach to the motivation system. We hope that it (Rosseti’s approach) will happen until the end of the first half of the year or the end of the year. There were no questions about the approach included into our stock option plan, we simply need common understanding of this process for all subsidiaries,” he said.

He also said that FGC UES may base its own stock option plan on shares of Rosset. “Many things may happen, it is too early to speak about it,” he said.

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